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17 March 07:50 AM

Nile Cotton Ginning (NCGC)

Last update: 16 March 11:50 AM market time.
52.52
0.52
1.00%
Open 52.00
Previous Close 52.00
High 52.52
Low 52.52
Stock Statistics
Volume 75
Turnover 3,939.00
All data are 15 minutes late during market session

News

A total of 52.992 million shares will be delisted
9 June 2021 05:09 PM EGX approves delisting of Nile Cotton Ginning's shares
Cairo – Mubasher: The Egyptian Exchange’s listing committee (EGX) approved the delisting of the shares of Nile Cotton Ginning. A total of 52.992 million shares with an issued capital of EGP 264.96 million at a nominal value of EGP 5 apiece will be …
Corporate Actions
The company bought 439,150 shares for EGP 50 apiece
2 June 2021 00:39 PM Nile Cotton Ginning buys shares owned by shareholders against voluntary delisting
Cairo – Mubasher: The Egyptian Exchange (EGX) said that Nile Cotton Ginning executed a transaction to purchase the shares of those who are affected negatively by the voluntary delisting decision. The company bought 439,150 shares for EGP 50 …
Corporate Actions
Nile Cotton Ginning turned to losses in the first quarter of fiscal year 2020/2021
24 March 2021 05:55 PM Nile Cotton Ginning submits voluntary delisting request to EGX
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Nile Cotton Ginning submitted a request to delist its 52.99 million shares valued at EGP 5 apiece from the bourse as per the board’s decision. Procedures are underway to implement the …
Corporate Actions
The transaction involved 2.019 million shares at a value of EGP 100.99 million
30 December 2020 05:58 PM EGX resumes MTO on Nile Cotton Ginning's shares
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the resumption of executing the mandatory tender offer (MTO) submitted by IMEX International on the shares of Nile Cotton Ginning. The transaction involved 2.019 million shares at a value of …
Corporate Actions
Nile Cotton Ginning incurred net losses of EGP 3.23 million in three months
30 December 2020 00:54 PM Nile Cotton Ginning's board approves voluntary delisting from EGX
Cairo – Mubasher: The board of directors of Nile Cotton Ginning approved the voluntary delisting of the company’s shares from the Egyptian Exchange (EGX). The board also approved the purchase of the shares owned by shareholders who are against the …
Corporate Actions
The company generated EGP 75,036 in revenue
10 November 2020 01:47 PM Nile Cotton Ginning incurs EGP 3m loss in Q1-20/21
Cairo – Mubasher: Nile Cotton Ginning turned to net losses of EGP 3.23 million in the first quarter (Q1) of fiscal year 2020/2021, against net profits of EGP 467,172 in the year-ago period. The company generated EGP 75,036 in revenue in the …
Financial Results
The company’s revenues increased to EGP 75,036
2 November 2020 11:16 AM Nile Cotton Ginning turns to loss in Q1-20/21 unaudited financials
Cairo – Mubasher: The financial indicators of Nile Cotton Ginning showed a turn to net losses of EGP 3.05 million in the first quarter (Q1) of fiscal year 2020/2021, versus net profits of about EGP 467,172 in the year-ago period. The company’s …
Financial Results
The transaction involved 49.76 million shares
1 October 2020 05:46 PM EGX executes MTO on Nile Cotton Ginning at EGP 2.48bn
Cairo – Mubasher: The mandatory tender offer (MTO) submitted by IMEX International for the acquisition of Nile Cotton Ginning was executed on the Egyptian Exchange (EGX) at a value of EGP 2.48 billion. The transaction involved 49.76 million …
Mergers and Acquisitions
IMEX International will acquire at least 51% of Nile Cotton Ginning
10 September 2020 03:30 PM EGX receives IMEX's offer to acquire Nile Cotton Ginning
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that an offer has been submitted by IMEX International to purchase up to 52.99 million shares or 100% of Nile Cotton Ginning for EGP 50 a share. The offer includes acquiring a minimum 51% …
Mergers and Acquisitions
The cost of revenues amounted to EGP 4.89 million
27 August 2020 04:46 PM Nile Cotton Ginning’s profit surges seven-fold in FY19/20
    Cairo – Mubasher: The net profits of Nile Cotton Ginning soared by 594.5% year-on-year (YoY) to EGP 54.48 million during fiscal year 2019/2020 from EGP 7.8 million. The company’s revenues plummeted to EGP 7.4 million from July 2019 to the end …
Financial Results
Revenues fell to EGP 7.45 million in FY19/20
26 August 2020 04:57 PM Nile Cotton Ginning’s profit leaps 703% in FY19/20 initial results
Cairo – Mubasher: The unaudited financial results of Nile Cotton Ginning showed a 703% jump in its net profits to EGP 63 million in fiscal year 2019/2020, compared to EGP 7.84 million a year earlier. Total shareholders’ equity reached EGP 452.95 …
Financial Results
The shareholders ratified the share’s fair value at EGP 35.53
25 August 2020 03:29 PM Nile Cotton Ginning to double capital to EGP 529.9m
Cairo – Mubasher: The shareholders of Nile Cotton Ginning approved a proposal to increase the issued capital to EGP 529.92 million from EGP 264.96 million. The company’s extraordinary general meeting (EGM) approved to double its capital by issuing …
General Assembly
The amount of EGP 231.1 million represents 10% of the land valuation difference
3 June 2020 01:10 PM Nile Cotton Ginning reaches settlement deal with state-run HCCD
Cairo – Mubasher: Nile Cotton Ginning will pay EGP 231.1 million to settle its dispute with the Holding Company for Construction and Development (HCCD). The company announced that the ministerial committee for settling investment disputes approved …
Company News
The company has received a discharge of its EGP 25 million debt
2 June 2020 05:25 PM Nile Cotton Ginning settles debt with NBE
Cairo – Mubasher: Nile Cotton Ginning announced settling its debt with the National Bank of Egypt (NBE) by paying EGP 25 million.  The company has received a discharge of its debt owed to the state-run lender, according to a statement to the …
Banking and Finance
Revenues slid to EGP 7.4 million
17 May 2020 04:10 PM Nile Cotton Ginning's profit skyrockets 933% in 9M
Cairo – Mubasher: Nile Cotton Ginning reported a 933.3% year-on-year profit hike during the first nine months of fiscal year 2019/2020. The company achieved net profits of EGP 38.28 million during the nine-month period ended on 31 March, compared …
Financial Results
Revenues increased to EGP 13.48 million
1 September 2019 01:05 PM Nile Cotton Ginning turns profitable in FY18/19
Cairo – Mubasher: Nile Cotton Ginning announced turning profitable during fiscal year 2018/2019. The company logged a net profit of EGP 7.84 million from July 2018 to last June, versus a loss of EGP 2.61 million in the year-ago period, according …
Financial Results
Revenues decreased to EGP 11.48 million during the nine-month
9 May 2019 09:56 AM Nile Cotton Ginning records EGP 3.6m profit in 9M
Cairo – Mubasher: Nile Cotton Ginning achieved a surge of 80.3% in profits during the nine months ended on 31 March 2019 when compared to the same period a year ago. Net profits grew to EGP 3.57 million during the period from July 2018 to March …
Financial Results
Photo Credit: Arabianeye-Reuters
12 February 2017 04:17 PM Nile Cotton Ginning turns to losses in Q2
Cairo - Mubasher: Nile Cotton Ginning reported losses of EGP 70.06 million in the three-month period ended 31 December 2016 versus profits of EGP 4.65 million in the same period the year before. During the first half of fiscal year 2016-2017, from …
Financial Results
Nile Cotton Ginning narrow losses by 48.7% in Q1
10 November 2016 04:09 PM Nile Cotton Ginning narrow losses by 48.7% in Q1
Cairo – Mubasher: Nile Cotton Ginning brought down its losses by 48.7% for the first quarter of the fiscal year 2016 – 2017. The company-logged losses of EGP 2.52 million for Q1 – FY16/17 compared with EGP 4.91 million a year earlier. The company …
Financial Results
Egyptian Prime Minister Sherif Ismail - (Photo Credit: Arabianeye - Reuters)
26 September 2016 10:25 PM Nile Cotton Ginning to negotiate solutions with PM
By: Mahmoud Salah Eldin Mubasher - Cairo: The ordinary general meeting (OGM) of Nile Cotton Ginning decided on Monday to form a committee to meet Egyptian prime minister (PM) Sherif Ismail, the company’s board member Tarek Shawki told Mubasher. …
General Assembly
Higher losses were driven by lower sales - Photo Credit: Reuters
17 August 2016 10:50 AM Nile Cotton Ginning annual losses up 42%
Cairo – Mubasher: Nile Cotton Ginning reported a 42% increase in annual losses, according to a bourse filing. The company logged EGP 11.8 million ($1.3 million) losses in the fiscal year 2015/16, compared with EGP 8.3 million losses ($934,000) a …
Financial Results
Losses 48% up in 9 months (Photo Credit: Reuters)
11 May 2016 11:54 AM Nile Cotton Ginning posts deeper losses in 9M
Cairo – Mubasher: Nile Cotton Ginning logged EGP9.2 million losses ($1.03 million) in the first nine months of 2015/16, said the company in a bourse filing. The company’s FY15/16 losses thus deepened by 48% from EGP6.2 million ($694,360) for the …
Financial Results
Photo Credit: Arabianeye-Reuters
15 February 2016 01:02 PM Nile Cotton Ginning losses narrow 94% in 6M
Cairo – Mubasher: Nile Cotton Ginning said it narrowed its losses by 94% for the first half of the fiscal year 2015/16, according to its interim audited financial statements. The company posted EGP 255,000 in losses H1-FY 15/16, compared with EGP …
Financial Results
Photo Credit: Arabianeye-Reuters
2 February 2016 00:16 PM Nile Cotton Ginning posts EGP 10m profits in 3M
Cairo – Mubasher: Nile Cotton Ginning posted net profits of EGP 10 million for the second quarter of the fiscal year 2015/16, according to the company’s unaudited interim financial statements. Meanwhile, the company reported net profits of EGP 4.7 …
Financial Results
Photo Credit: Arabianeye-Reuters
3 November 2015 11:54 AM Nile Cotton Ginning Q1 losses widens by 22%
Cairo - Mubasher: Nile Cotton Ginning Co. suffered EGP 5.3 million in losses for the first quarter of the fiscal year 2015/16, compared with EGP 4.3 million for the same period of the previous year. The company's losses reached EGP 8.4 million for …
Financial Results